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Is Jacko Bankrupt?

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nevrland-ranch.jpg

It looks like the rumors of Michael Jackson’s bankruptcy are true. He’s officially defaulted on the $23 million dollar loan he has for Neverland Ranch. He was supposed to pay his managers $3.8 million by November 15, and wasn’t able to to make good on it.

In an attempt to help him out, Debt.com has offered to “save Jackson from more turmoil” as long as he agrees to officially endorse the site and it’s services. He has until January 19 to pay all $23 million or he will lose the house forever. Which means celebs all over Hollywood will be able to purchase the house for a steal (considering the amount of land). Which means the rumor that Brangelina were going to purchase the compound will actually get their shot!

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Posted in General on December 6th, 2007

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